on the ma zi
Info
The on the ma zi is a Expert Advisor for MetaTrader 4 that the expert advisor opens a deal during a breakthrough (on candlestick closure) of the trend line, drawn between the peak of the zig zag and the two latest peaks for the buy orders. for the sell orders — mirrored.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use on the ma zi
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
the expert advisor opens a deal during a breakthrough (on candlestick closure) of the trend line, drawn between the peak of the zig zag and the two latest peaks for the buy orders.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: Quantora Trade Manager MT4: Advanced Position Management for MetaTrader 4 - another powerful expert for MetaTrader 4 traders.
Also recommended: Quantora Break Even Manager MT4 - Professional Automatic Break Even Utility - similar expert with strong performance on MetaTrader 4.
the expert advisor opens a deal during a breakthrough (on candlestick closure) of the trend line, drawn between the peak of the zig zag and the two latest peaks for the buy orders. for the sell orders — mirrored.filtering by the МА. for buy the price has to be higher than the МА, for sell - lower than the МА.
closure by crossing the МА.
cyclicity filter. the breakthrough has to take place in the second half of the cycle from the first to the second vertex, overlaid on the first one to the right.
prohibition of trading on friday after a specified time and closing the open deals, if their profit is less than set in the options.
breakeven and trailing stop.
for more details see here:
parameters:
You may also like: Quantora Trailing Stop Manager: Automatic Stop Loss for MT4 - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property strict
extern double lot = 1.0;
extern double stop_loss = 70;
extern double take_profit = 200;
extern double noloss = 30;
extern double noloss_pips = 1;
extern double trall = 30;
extern double trall_start = 40;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.